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DOW on the Brink of a Deep Pullback – DOW JONES Market Outlook – 24/07/2020

SquaredFinancial

The Dow retreated after printing a double top around our resistance level at 27175 as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening Coronavirus pandemic as US deaths topped 1,100 cases for third consecutive day. With our support at 26600 now turned into resistance we look for further downside with 26400 as closest support target.

Support: 26400/ 26600
Resistance: 26600 / 26785

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dow-on-the-brink-of-a-deep-pullback-dow-jones-market-outlook-24-07-2020
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